DERICHEBOURG - Universal registration document 2019-2020

3

Group management report Earnings from businesses and financial position

Environmental Serviceasctivity 3.2.2

Change %

2020

2019

In millions of euros

Revenue

1,627.4

1,846.7

(11.9%)

Recurring Ebitda in % of revenue

142.2 8.7% 52.5 3.2%

162.1 8.8% 88.2 4.8%

(12.3%)

Recurring operating profit (loss)

(40.5%)

in % of revenue

Change of consolidation method Reyfra

7.7

Result on disposal AEP Multiservizi

(2.3) (2.8)

Loss of exclusive control of water treatment and distribution subsidiaries

Veolia wins appeal against the decision of the Court of Appeal

3.7

Lyrsa post-acquisition restructuring

(1.2) (1.6) (2.3)

Restructuring Recycling France

Revaluation monitoring costs CRS landfill

Others

(0.7) 87.5

Operating Profit (loss)

53.7

(38.6%)

Revenuesfor the EnvironmentalServicesdivisioncame to €1,627.4 million,down 11.9%comparedto last year. Changes in the consolidationscope partly contributedto this decline:

Environmental Services Revenue 2019

1,846.7

Disposal of operations in Italy

(28.7) (47.5)

Disposal of operations in Morocco

Loss of exclusive control of water treatment and distribution subsidiaries

(1.9)

9-month contribution Derichebourg España (ex-Lyrsa)

265.9

Change in constant scope

(407.1) 1,627.4

Environmental Services Revenue 2020

Tonnagessold changedas follows:

2020

2019

Change

In thousand tons

Ferrous metals

3,159.2

3,445.8

(8.3%)

Non-ferrous metals Total volumes

552.3

535.1

3.2%

3,711.5

3,980.9

(6.8%)

2020

2019

Change

In millions of euros

Ferrous metals

681.9 692.7 252.8

858.9 674.7 313.1

(20.6%)

Non-ferrous metals

2.7%

Services

(19.3%)

Total revenues Environmental Services

1,627.4

1,846.7

(11.9)

DERICHEBOURG p 2019/2020 Universal Registration Document 96